Category Archives: Cloud Computing
Global Cybersecurity Experts Take the Stage at SECtemberSM , Hosted by Cloud Security Alliance – Business Wire
SEATTLE--(BUSINESS WIRE)--The Cloud Security Alliance (CSA), the worlds leading organization dedicated to defining standards, certifications and best practices to help ensure a secure cloud computing environment, today released the agendas for SECtember (Sept. 26-30, Meydenbauer Center, Bellevue, Wash.) and the second annual CxO Trust Summit, which will be held on Sept. 27 as part of the larger conference. Combined, these events will provide critical insights into board oversight of cybersecurity, CISO strategies, emerging threats, and best practices, all against the backdrop of cloud and related leading-edge technologies.
Cloud computing has become the default IT platform, cloud security is now the foundation for cybersecurity, and cyber is a critical component of every countrys national security strategy. These realities put Cloud Security Alliance and our community of experts at the center of the industry on a global, national, and enterprise level. We have assembled a world-class roster of speakers at our SECtember conference in the heartland of the cloud industry and have structured a program for attendee engagement and networking. I look forward to a week of collaboration to help us all address our biggest cyber challenges and stay ahead of sophisticated threat actors," said Jim Reavis, co-founder and CEO, Cloud Security Alliance.
SECtember 2022 will feature both a main conference of industry thought leaders, as well as deep dive training into Zero Trust, cloud auditing, and advanced cloud security topics. Among the conferences highlights will be:
The CSA CxO Trust brings together a community of C-suite executives to evolve cloud and cybersecurity understanding, knowledge, and needed solutions in response to enterprise challenges. Highlights from this years sessions include:
After several years without the chance to meet face to face, attendees will be able to network with their peers on the Expo floor and make personal connections that are so critical to closing the skills gap that is pervasive throughout the security industry. Additional networking opportunities include a welcome reception, Happy Hour, CSA Chapter Leaders Breakfast, and the Diversity in Security Luncheon, where guests will hear from prominent industry insiders who represent a variety of backgrounds and who will share their experiences as we explore how to make the cloud security industry more inclusive. (Limited space available. Reserve your seat as part of your registration.)
Those interested in attending SECtember are encouraged to register now. Attendees can receive a 25-percent discount on conference registration when bundled with one of the following training courses. (To redeem the discount, register for the conference and add the selected training session, then enter coupon code "COMBO25" at checkout.)
About Cloud Security Alliance
The Cloud Security Alliance (CSA) is the worlds leading organization dedicated to defining and raising awareness of best practices to help ensure a secure cloud computing environment. CSA harnesses the subject matter expertise of industry practitioners, associations, governments, and its corporate and individual members to offer cloud security-specific research, education, training, certification, events, and products. CSA's activities, knowledge, and extensive network benefit the entire community impacted by cloud from providers and customers to governments, entrepreneurs, and the assurance industry and provide a forum through which different parties can work together to create and maintain a trusted cloud ecosystem. For further information, visit us at http://www.cloudsecurityalliance.org, and follow us on Twitter @cloudsa.
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Global Cybersecurity Experts Take the Stage at SECtemberSM , Hosted by Cloud Security Alliance - Business Wire
7 Tech Stocks Reporting Earnings the Week of August 22 – InvestorPlace
Earnings season remains in full swing with a slate of major technology companies reporting earnings the week of August 22.
While many of the best-known technology concerns have already announced their second-quarter results, there are still significant firms in the areas of cybersecurity, cloud computing, semiconductors, e-commerce, and personal computers left to report financial results for the April through June period.
Strong prints from these companies in the coming days could help to further boost technology securities as a whole, which have been on an upswing over the past month after badly lagging throughout most of the year.
The Wall Street Journal recently ran an article headlined Tech Stocks Are Back in the Markets Drivers Seat, noting that tech stocks are on the mend now that investors expect inflation to fall and for the U.S. Federal Reserve to ease up on interest rate hikes.
Whether the inflation and interest rate scenario plays out as hoped remains to be seen. But the following stocks could definitely move markets over the next few days. Here are seven technology stocks reporting earnings the week of August 22.
Source: Sundry Photography / Shutterstock.com
The week kicks off with a print from cybersecurity firm Palo Alto Networks (NASDAQ:PANW). The company is one of the oldest and most established cybersecurity companies in the U.S.
It also runs the popular Ignite annual conference that focuses on global cybersecurity issues and draws experts from all corners of the world.
While the technology sector has been hit hard this year, Palo Alto Networks has largely been spared.
Year to date, PANW stock is down only 5%. The stock is up 9% in the past six months.
Analysts say that Palo Alto Networks has been helped by a renewed focus on cybersecurity attacks in the wake of Russias invasion of Ukraine, and following several high-profile domestic incidents.
Wolfe Research recently issued a bullish note saying that PANW stock can rally 40% from current levels as it rolls out its latest and greatest cybersecurity systems.
Analysts are forecasting that Palo Alto Networks will report earnings per share of $7.50 on revenues of $5.53 billion when it announces its financial results on Aug. 22.
Source: testing / Shutterstock.com
Shares of Chinese e-commerce company JD.com (NASDAQ:JD) took a hit after it was announced that several large-cap stocks from China would delist in the U.S., including China Life Insurance(NYSE:LFC) and PetroChina(NYSE:PTR).
News of the delisting on American exchanges spooked investors and led them to sell out of many other Chinese securities that currently have dual listings on U.S. and Asian markets, including JD stock, which has now declined 12% in the past month and is down 19% on the year.
An ongoing fight between authorities in Washington, D.C. and Beijing over the accounting practices and standards of publicly listed companies could lead to many more Chinese companies delisting.
While nobody has been talking specifically about JD stock delisting, the share price continues to be impacted by the uncertainty thats been created.
Analysts expect that JD.com will report earnings per share of 40 cents on revenues of $39.09 billion when it reports its latest quarterly numbers on Aug. 23.
Source: Shutterstock
Microchip and semiconductor giant Nvidia (NASDAQ:NVDA) reports its latest earnings on Aug. 24.
However, the company already made a pre-announcement concerning its upcoming earnings, and it was not good.
On Aug. 8, the chipmaker issued preliminary earnings that showed second-quarter revenue of $6.7 billion, which was well below its initial forecast of $8.1 billion in revenue. NVDA stock immediately fell 8% on the news.
Nvidia blamed the revenue miss on two issues a shortfall in gaming revenue and ongoing global supply chain disruptions.
The disappointing earnings preannouncement further hurt NVDA stock, which is now down 38% on the year and trading at $187.09. Last November, the stock was trading near $350 per share.
Most analysts have not yet revised down their outlook for Nvidia and the consensus is still for the company to report earnings per share of $1.25 on revenues of $8.1 billion. However, we already know the company will come in lower with its Q2 print.
Source: Bjorn Bakstad / Shutterstock.com
Another tech stock that has taken its share of knocks this year amid the market downturn is cloud computing giant Salesforce (NASDAQ:CRM).
The companys share price remains down 27% this year, though it has risen 8% in the past month as equities have rebounded.
The company recently undertook a shuffle among executives in its C-suite, moving Brian Millham into the role of chief operating officer from chief customer success officer, and placing Gavin Patterson in the position of chief strategy officer from chief revenue officer previously.
The company has a lot to live up to with its second-quarter earnings given that it beat analyst expectations in Q1 and lifted its full-year guidance.
The company announced first-quarter earnings per share of 98 cents versus 94 cents per share which was expected by analysts as its revenue rose 24% from a year earlier to $7.41 billion.
Wall Street is expecting a similarly strong print this time around, with analysts forecasting that Salesforce will issue earnings per share of $1.02 on revenues of $7.7 billion. Anything better than that and could prove to be a catalyst for CRM stock.
Source: Sundry Photography / Shutterstock
Snowflakes (NYSE:SNOW) share price has been battered this year and is down 49% since January. However, like a lot of tech stocks, it has been on the mend since mid-July and has climbed 11% higher over the past month as inflation begins to ease and investor sentiment improves as a result.
Snowflake, which specializes in cloud-based data storage and analytics service, went public in 2020 and is one of only a handful of tech stocks owned by legendary investor Warren Buffett. It was also one of the few IPOs that Buffett has ever gotten in on.
Despite the market and economic upheaval this year, Snowflake has managed to continue growing its customer base.
It also announced that its customers increased their spending on its products and services by 74% in the first quarter from a year earlier, which is a very high rate among cloud computing firms.
When the company reports second-quarter results on Aug. 24, analysts expect the (still unprofitable) company to announce an earnings per share loss of two cents on revenues of $467 million.
Source: Michael Vi / Shutterstock.com
Semiconductor company and Nvidia rival, Marvell Technology (NASDAQ:MRVL) reports earnings on Aug. 24, and analysts are calling forearnings per share of 56 cents on revenues of $1.52 billion.
Investors will no doubt be hoping for an earnings beat that sends MRVL stock sharply higher.
So far this year, the companys share price has slumped 38% to trade at $55 per share. Like Nvidia, Marvell has struggled in recent months with supply chain disruptions and sour investor sentiment.
However, there are growing signs that investors are starting to warm towards MRVL stock.
Investors recently bought 48,181 call options on Marvell Technology stock (betting that it will go up), which is 59% more than the average volume of 30,395 call options taken out against the shares.
At the same time, analysts at The Benchmark Company reiterated a buy rating on the stock and a $70.00 price target, implying a nearly 30% upside from current levels.
Source: Jonathan Weiss / Shutterstock.com
Dell Technologies (NYSE:DELL) has seen its stock perform better than most tech securities this year.
Analysts are pounding the table on Dell stock, screaming that, with a price-to-earnings ratio of 6.60, the shares are too cheap to ignore.
Add in a quarterly dividend that yields 2.74% (many leading tech companies offer no dividend) and there is a strong case for buying DELL stock.
Analysts at JPMorgan Chase (NYSE:JPM) are firmly in the bull camp when it comes to DELL stock. The bank recently slapped an overweight rating and a $55 price target on the computer company.
While many on Wall Street are fans of Dell, the companys share price has been weighed down in recent months by the global semiconductor shortage. Hopefully, that backlog will ease in the coming months.
Wall Street is expecting Dell Technologies to report earnings per share of $1.64 on revenues of $26.54 billion.
On the date of publication, Joel Bagloleheld a long position in NVDA. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.
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7 Tech Stocks Reporting Earnings the Week of August 22 - InvestorPlace
Edge Vs. Cloud Computing: Which Solution Is Better For Your Connected Device? – IoT For All
If youre developing an IoT device, odds are that you want it to do some valuable computations to solve an important problem. Maybe you want todeploy sensors in remote locations, develop a device that can perform data analytics to monitor a renewable energy source, or build a medical device that can use computer vision to detect early signs of an illness.
Whatever you are building, at some point you may start to wonder:should your device perform these important computations in the cloud or at the edge?Choosing between computing on the cloud or on the edge is a decision that can impact things like your devices cost or efficiency and no one wants to make the wrong decision initially and spend time and money later down the line to pivot to the correct one.
The cloud refers to the collection of servers that can be accessed over the internet popularcloud providers include Amazon Web Services, Microsoft Azure, and Google Cloud.
These servers can provide on-demand computing resources to store and process data. You can think of the cloud as a centralized location for your files and programs, and you can connect any device to the cloud to access them. Services like Dropbox or Google Drive are some of the many cloud-based services out there.
Cloud computingdescribes the idea of performing computations in the cloud. These computations can include data analysis and visualization, computer vision, and machine learning. An example of cloud computing in action is when your average smart home speaker sends your audio input to the cloud where it is interpreted by algorithms and sends back a response.
The edge describes the edge of the network.It includes devices that are an entry/exit point to the cloud but are not part of the cloud itself. For example, a server in a data center is part of the cloud; the smartphone and router that connect to that server are part of the edge.
Edge computingdescribes the idea of performing computations on the edge. This way, the processing is done closer to or at the location where the data is collected or acted upon.
An example of an edge computing process is object detection on an autonomous vehicle. The vehicle processes data from its sensors and uses the results to avoid obstacles. Unlike your smart home speaker, the data it collects is processed locally rather than sent to the cloud.
There are a couple of key questions to consider when choosing between edge and cloud computing.
Performing computations on the cloud can work well when you have a high-bandwidth, low-latency, and stable connection to the internet, as you will be needing to send your data back and forth between cloud servers and your device. If your device is intended to be used, for instance, in a home or office with a good internet connection, this back and forth can be done relatively seamlessly.
In most cases, if the computation is done on the edge, it wont be affected by poor or lost internet connection in a remote location; the processing can continue since it is not computed in the cloud. You wouldnt want your vehicles object detection to stop working while on a long road trip; thats one of the reasons why autonomous vehicles frequently perform computations like object detection on the edge.
Edge computing can be ideal in cases where your customer needs response times from your device to be faster than what can be achieved with a decent network connection, such as monitoring vital components of a system. The latency of the travel time between the device and the cloud can be reduced or eliminated completely. As a result, the data can be processed right away. If the data processing itself is quick, you could achieve real-time responses from your device.
Cloud computing is beneficial when device use is intermittent. Smart home devices are a good example of this again, where running computations in the cloud lets you share the same computing resources between multiple customers. This reduces costs by avoiding the need to provision your device with upgraded hardware to run the data processing.
Computing on the edge is useful if you only care about the result of your dataafterit has been processed. You can send only what is important to store in the long-term in the cloud, and doing so will allow you to reduce the cost of storing and processing data in the cloud. For example, if you are creating a traffic surveillance device that needs to report levels of congestion on a road, you could pre-process the videos on the edge instead of running hours of raw video in the cloud and only send images or clips of the traffic when it is present.
Its possible you need to keep the data tobuild out your machine learning dataset or you plan on analyzing the raw data in other ways in the future. If you are already sending your raw data to the cloud, it may be ideal to perform calculations in the cloud as well.
If you expect your device will be restricted in power and size, given that it has a good network connection, sending the computing work to be done on the cloud will allow your device to remain small and low-power. Google Home and Amazon Alexa, for example, will capture the audio and send it to the cloud for processing, allowing complex computations to be run on the audio that would not be possible to run on the small computers inside the devices themselves.
If you are making a consumer device and the method you are using to process data is part of your Intellectual Property (IP), you may need to consider how you plan to protect it. Putting your IP on your device without a robust security plan can leave it vulnerable to hacks. If you dont have the knowledge or resources to secure your IP on the edge, it may be best to leave it on the cloud, which already has security measures in place.
There are quite a few things to consider when choosing between computing on the edge or in the cloud. In complex problems, you may benefit from using a combination of both by leaving some parts of your processing on the edge and the rest on the cloud.
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Edge Vs. Cloud Computing: Which Solution Is Better For Your Connected Device? - IoT For All
Google Cloud announces upcoming regions in Malaysia, Thailand and New Zealand – TechCrunch
Fresh off of an expansion to Mexico, Google today previewed the launch of new Google Cloud regions concentrated in Asia-Pacific (APAC), specifically Malaysia, Thailand and New Zealand. When they come online, theyll bring Googles total number of cloud regions to 34 short of Azures more than 60 but ahead of AWS 26.
In the context of cloud computing, a region is a specific geographic location where users can deploy cloud resources. At a minimum, all Google Cloud regions offer services including Compute Engine, Google Kubernetes Engine, Cloud Storage, Persistent Disk, CloudSQL, Virtual Private Cloud, Key Management System, Cloud Identity and Secret Manager. Additional products usually come online within six months of a new regions launch.
In a blog post, Google cites data from IDC projecting that total spending on cloud services in APAC (excluding Japan) will reach $282 billion by 2025. Other research agrees. According to a 2021 survey from Information Services Group, cloud services accounted for more than 84% of APACs IT and business services spending in Q3 2021 by far the greatest percentage of any region.
AWS is also eyeing the opportunity, having recently outlined a two-year plan to set up cloud zones in Auckland, Manila, Bangkok and elsewhere in APAC. Google Clouds move would appear to be a shot across the bow.
The new Google Cloud regions will help to address organizations increasing needs in the area of digital sovereignty and enable more opportunities for digital transformation and innovation in APAC, Google Clouds Daphne Chung said in a statement. With this announcement, Google Cloud is providing customers with more choices in accessing capabilities from local cloud regions while aiding their journeys to hybrid and multicloud environments.
Google Clouds continued growth comes as it fights for dominance in the ultra-competitive and potentially lucrative cloud computing market. Flexeras latest State of the Cloud report shows Google Cloud several percentage points behind AWS and Azure in terms of usage and adoption. But on the other hand, Google Cloud surpassed $6 billion in quarterly revenue for the first time in Q2 2022, signaling resilience.
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Google Cloud announces upcoming regions in Malaysia, Thailand and New Zealand - TechCrunch
Dataminr Named to the 2022 Forbes Cloud 100 – PR Newswire
For the sixth consecutive year, Dataminr ranks among the world's top private companies powered by cloud computing
NEW YORK, Aug. 9, 2022 /PRNewswire/ --Dataminr, the leading real-time information discovery platform, today announced that it has been named to the Forbes 2022 Cloud 100 list, the definitive ranking of the top 100 private cloud companies in the world, published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures.
"Dataminr has revolutionized the way global corporations, first responders, NGOs and newsrooms discover high-impact events and emerging risks," said Dataminr Founder and CEO Ted Bailey. "It's a point of great pride that our work has been recognized by the Forbes Cloud 100 for the sixth consecutive year."
Dataminr's inclusion on the list marks another milestone in the company's continued momentum in 2022. Following its successful $475M growth capital financing, Dataminr made two strategic acquisitions in 2021UK-based WatchKeeper, a data geovisualization platform, and Copenhagen-based Krizo, a real-time crisis response platformboth of which are now fully integrated into Dataminr Pulse and available to all customers. In July 2022, Dataminr announced a new strategic advisory partnership with NightDragon, focused on the convergence of cyber and physical security.
For the seventh straight year, the Cloud 100 reviews submissions from hundreds of cloud startups and private companies each year. The Cloud 100 evaluation process involved ranking companies across four factors: market leadership (35%), estimated valuation (30%), operating metrics (20%), and people & culture (15%). For market leadership, the Cloud 100 enlists the help of a judging panel of public cloud company CEOs who assist in evaluating and ranking their private company peers.
"The companies of the Cloud 100 list represent the best and brightest emerging companies in the cloud sector," said Alex Konrad, senior editor at Forbes. "Every year, it gets more difficult to make this listmeaning even more elite company for those who do. Congratulations to each of the 2022 Cloud 100 honorees."
"The public markets may be in turmoil, but the private valuations of the Cloud 100 continue to rise. All of the 2022 Cloud 100 honorees, again, have reached the $1 billion valuation milestone, and the average Cloud 100 valuation has skyrocketed to $7.4 billion," said Mary D'Onofrio, partner at Bessemer Venture Partners. "Despite the market correction in 2022, our confidence in the cloud economy continues to growtoday over 70% of the 2022 Cloud 100 Honorees have reached or exceeded $100 million in annual recurring revenue making them cloud Centaurs. An additional 10% of the list is expected to hit this milestone by the end of the year, furthering our conviction that this years' honorees truly represent the best cloud companies globally."
"Great companies are born out of all environments, and it's exciting to see the continued momentum in the cloud sector," said Alex Kayyal, managing partner, Salesforce Ventures. "The companies on this list have gone through a rigorous selection process, and join an esteemed alumni list of Cloud 100 companies. As the need for digital transformation continues to drive innovation and efficiencies across industries, we can look to these companies as the absolute best in cloud computing."
The Forbes 2022 Cloud 100 and 20 Rising Stars lists are published online at http://www.forbes.com/cloud100. Highlights of the list appear in the August/September 2022 issue of Forbes magazine.
About Dataminr
Dataminr delivers the earliest warnings on high impact events and critical information far in advance of other sources. Recognized as one of the world's leading AI businesses, Dataminr enables faster response, more effective risk mitigation and stronger crisis management for public and private sector organizations spanning global corporations, first responders, NGOs, and newsrooms. Recently valued at $4.1B, Dataminr is one of New York's top private technology companies, with 900+ employees across eight global offices.
Since its founding in 2009, Dataminr has created the world's leading real-time information discovery platform, which detects digital patterns of emerging events and critical information from public data signals. Today, Dataminr's leading AI platform performs trillions of daily computations across billions of public data inputs from over 300,000 unique public data sources. The company has been recognized for its groundbreaking AI platform and rapid revenue growth by Forbes AI 50 and Deloitte Fast 500, and has been named to Forbes Cloud 100 for six consecutive years.
Alongside Dataminr's corporate product, Dataminr Pulse, the company provides public sector organizations with its First Alert product for first response, including the United Nations, which relies on First Alert in over 100 countries. Dataminr for News is used by more than 650 newsrooms and by over 30,000 journalists worldwide.
About Bessemer Venture Partners
Bessemer Venture Partners helps entrepreneurs lay strong foundations to build and forge long-standing companies. With more than 135 IPOs and 200 portfolio companies in the enterprise, consumer and healthcare spaces, Bessemer supports founders and CEOs from their early days through every stage of growth. Bessemer's global portfolio includes Pinterest, Shopify, Twilio, Yelp, LinkedIn, PagerDuty, DocuSign, Wix, Fiverr and Toast and has $19 billion of regulatory assets under management. Bessemer has teams of investors and partners located in Tel Aviv, Silicon Valley, San Francisco, New York, London, Boston, Beijing and Bangalore. Born from innovations in steel more than a century ago, Bessemer's storied history has afforded its partners the opportunity to celebrate and scrutinize its best investment decisions (see Memos) and also learn from its mistakes (see Anti-Portfolio).
About Forbes
Forbes champions success by celebrating those who have made it, and those who aspire to make it. Forbes convenes and curates the most influential leaders and entrepreneurs who are driving change, transforming business and making a significant impact on the world. The Forbes brand today reaches more than 150 million people worldwide through its trusted journalism, signature LIVE and Forbes Virtual events, custom marketing programs and 47 licensed local editions in 80 countries. Forbes Media's brand extensions include real estate, education and financial services license agreements.
About Salesforce Ventures
Salesforce Ventures helps enterprising founders build companies that reinvent the way the world works. Since 2009, we've invested in and partnered with more than 400 of the world's most tenacious enterprise software companies from seed to IPO, including Airtable, Databricks, DocuSign, Guild Education, Hopin, monday.com, nCino, Snowflake, Snyk, Stripe, Tanium, and Zoom. Salesforce Ventures leverages our decades of expertise in the cloud and our long-term relationships with key decision-makers at thousands of businesses around the world to give our portfolio companies an unfair advantage, help them build credibility, and accelerate growth. Salesforce Ventures has invested in more than 25 countries with offices all over the world including in San Francisco, Irvine, New York, London, Tokyo, and Sydney. Follow @SalesforceVC and learn more at http://www.salesforceventures.com.
ContactNikki HornBessemer Venture Partners, Head of Events[emailprotected] T +1 949 400 3355salesventures.com
SOURCE Dataminr
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Dataminr Named to the 2022 Forbes Cloud 100 - PR Newswire
Doug Lane: Capgemini to Help Army Expand Adoption of Cloud Computing Tech – ExecutiveBiz
TYSONS CORNER, VA, Aug. 9, 2022 Capgemini Government Solutions has secured a three-year contract from the U.S. Army for the modernization, transformation and growth of its Cloud Common Shared Services environment known as cARMY to expand the adoption of cloud computing technologies, ExecutiveGov reported.
The cARMY project allows the Army to empower teams to make better data-driven decisions. We are honored to support it in partnership with the [Enterprise Cloud Management Agency], said Doug Lane, president and CEO of Capgemini Government Solutions and a 2022 Wash100 Award winner.
About Executive Mosaic
Founded in 2002, Executive Mosaic is a leadership organization and media company. It provides its members an opportunity to learn from peer business executives and government thought leaders while providing an interactive forum to develop key business and partnering relationships.
Executive Mosaic offers highly coveted executive events, breaking business news on the Government Contracting industry, and delivers robust and reliable content through seven influential websites and four consequential E-newswires. Executive Mosaic is headquartered in Tysons Corner, VA.
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Doug Lane: Capgemini to Help Army Expand Adoption of Cloud Computing Tech - ExecutiveBiz
Come and Learn Cloud Computing Opportunities at Tekedia Mini-MBA – Tekedia
Good People, the zen-master and one of the most amazing technology leaders in our continent will be in Tekedia Mini-MBA Live today. University of Ilorins First Class graduate and Microsoft MVP on many occasions, Olanrewaju Oyinbooke, will come to teach cloud computing and opportunities. Lets create that future so that we can predict it. In the cloud space, Olanrewaju will explain the future.
Tekedia Institute offers Tekedia Mini-MBA, an innovation management 12-week program, optimized for business execution and growth, with digital operational overlay. It runs 100% online. The theme isInnovation, Growth & Digital Execution Techniques for Building Category-King Companies. All contents are self-paced, recorded and archived which means participants do not have to be at any scheduled time to consume contents. Besides, programs are designed for ALL sectors, from fintech to construction, healthcare to manufacturing, agriculture to real estate, etc.
To join the next edition which begins Sept 12, click here.
Registration for Tekedia Mini-MBA edition 9 (Sep 12- Dec 3 2022) has started. Register here. Cost is N60,000 or $140 for the 12-week program.
1. Advance your career, run your business better with Tekedia Mini-MBA (Sep 12 Dec 3, 2022): cost is N60,000 naira ($140). Click and register here.
2. Click and register for Tekedia Startup Masterclass and master business secrets from start-up to unicorn. Cost is N180,000 naira ($400).
3. Click to join Tekedia Capital Syndicate and own a piece of Africas finest startups with a minimum of $10,000 investment.
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Come and Learn Cloud Computing Opportunities at Tekedia Mini-MBA - Tekedia
What Is the Industrial Edge? – Acceleration Economy
In Episode 6 of the Cutting Edge podcast, Leonard Lee analyzes what sets the Industrial Edge apart, explains the Purdue model of cybersecurity, and asks what businesses moving to the cloud are willing to sacrifice to bolster data security.
00:23 Leonard Lee covers the Industrial Edge: What makes it different, and why it matters to an organizations future.
00:47 Two different descriptions of the Industrial Edge are given. Leonard suggests the Industrial Edge is simply the environment where we see the operations of a business take place.
02:02 IT organizations are generally more familiar with an architecture that differs from how systems are traditionally built. Most often, operational technology (OT) folks are working off of the (Purdue Enterprise Reference Architecture (PERA) reference model.
03:04 One of the key features of the Purdue model is its take on security architecture. Leonard explains the importance of air gapping, or separating protected systems from the internet.
04:15 Introducing technologies and deployment models like cloud computing into the OT world also introduces a host of security issues. With increased flexibility and interoperability comes an inherent risk of a security breach.
04:56 Leonard examines why the principles guiding the Purdue model are still relevant. As cloud computing moves towards the edge, it needs to adjust to new realities; there is a price to pay for security.
06:12 How do you apply PERA in a smart home or home automation system to protect consumer privacy?
06:35 Not everything needs to go to the public cloud. Edge is where business and customers lives happen.
07:25 Leonard concludes his remarks and previous the Cutting Edge column.
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What Is the Industrial Edge? - Acceleration Economy
Inside the rush to build ‘superclouds’ – SiliconANGLE News
Liberty Mutual Insurance Co. is in the midst of a massive cloud migration that will affect more than 40,000 systems and applications across the globe running on everything from Windows servers to mainframes.
The company has already moved 68% of its workloads to the public cloud and aims to slim down from three data centers to just one by 2024. Our ultimate goal is to get 100% to cloud, said Eric Drobisewski, senior architect for global digital services at the insurer, which employs 45,000 people in 29 countries.
But Liberty Mutual isnt tying itself to a single cloud. Part of its migration strategy is to build or re-platform applications on top of an abstraction layer that makes the underlying cloud service invisible.
In the end, these resources are all utilities and we need to treat them the way wed treat home electricity, Drobisewski said.
Liberty Mutuals Drobisewski: We need to treat [cloud resources] the way wed treat home electricity. Photo: LinkedIn
Not long ago, such an ambitious strategy would have been unthinkable. As recently as 2019, the concept of a comprehensive multicloud environment was considered a pipe dream. But technology providers and their customers have been hacking away at the problem and are now beginning to build applications both for internal use and commercial sale that combine resources from multiple public and private cloud platforms in a way that is nearly invisible to the user.
This extension of multicloud computing goes by various names. SiliconANGLEs research affiliate Wikibon adopted the term supercloud, a term coined by Cornell University researchers in 2017. Others have referred to them as metaclouds, cross-clouds and even cloud of clouds. The nomenclature matters less than the expected payoffs.
Were able to bring new insurance products and integrate them back into consumers hands much more quickly, Drobisewski said. Weve invested heavily in allowing software developers to move quickly with modern toolsets to be more effective and faster.
The concept of a supercloud is less revolutionary than evolutionary. Its industry clouds and multiclouds munged together, said Gartner Inc. Analyst Craig Lowery. This is a continuation of edge, hybrid and multicloud technology stacks that brings more immediate value.
A recent survey of 1,800 IT decision-makers by VMware Inc. found that 73% said their enterprises use two or more public clouds today and 81% plan to do so by 2024.
Gartners Lowery: Supercloud is a continuation of edge, hybrid and multicloud technology stacks that brings more immediate value. Photo: Twitter
Its been growing as a thing for the last five years and somebody just gave it a name, said David Linthicum, chief cloud strategist at Deloitte LLP. The idea is to stop building security and operations systems three times and instead use a layer of technology above the clouds that provides all that functionality.
There are sound business reasons behind that goal. The VMware study found that organizations that leverage multiple clouds with automated operations and secure access to applications and data from any device and location release new applications 42% faster and spend 41% less time fiddling with infrastructure. Liberty Mutual expects its supercloud to reduce annual IT expenses by 28% through 2024 and eventually eliminate as much as 40% of fixed-run costs, Drobisewski said.
But the mechanics of building superclouds are a lot trickier than the concept. Basically, each public cloud provider does things a little bit differently, ranging from the way they store data to how they manage networks. Abstracting each providers infrastructure into a common service layer runs the risk of also abstracting away the unique value each provides.
Third-party vendors have come up with some solutions. They say that in most cases, they can not only preserve each cloud service providers unique value but can even improve service quality by building on top of the common layer.
However, at this point, there is no governing standards body or set of generally accepted tools for building superclouds. Most solutions are handcrafted and unique, a fact thats likely to hold back supercloud adoption until standards become clearer.
The drive to create those standards wont come from the public cloud vendors because they have an incentive to keep you in their clouds, said Danny Allan, chief technology officer at Veeam Software Corp., a maker of backup and data protection software. It will come from outside vendors or an industry working group and theres no such effort now that I know of.
Still, a lack of consensus isnt likely to slow the trend. At the end of the day it is, in essence, an abstraction that gives enterprises what they call their four-plus-one strategy: one cloud that uses all the major cloud service platforms plus whatever is on-premises, said Steve Mullaney, chief executive of Aviatrix Systems Inc., which sells a cross-cloud networking platform.
Long-term, the infrastructure should be completely transparent, Allan said. Customers should choose the consumption rate and be able to move seamlessly across infrastructures.
Veeams Allan: Long-term, the infrastructure should be completely transparent. Photo: SiliconANGLE
In the commercial software arena, superclouds are becoming commonplace and even emerging from companies outside of the traditional technology sphere.
For example, the Goldman Sachs Financial Cloud, which was launched last November by Goldman Sachs Group Inc., delivers analytics tools developed internally by the financial services on top of the Amazon Web Services Inc. cloud. Goldman Sachs expects the package both to generate revenue and differentiate itself from other financial firms.
Deloitte LLPs ConvergeHealth is one of a series of vertical market commercial services the company is assembling from multiple clouds. Capital One Financial Corp. recently entered the software business with a suite of data management tools it developed on top of Snowflake Inc.s cross-cloud data warehouse. It sees its Slingshot cloud manager as the first of a line of cloud data management products that will create a new revenue stream.
Its challenging to bring new software to the world but our teams have perfected ways to to build [software-as-a-service] with security, resiliency, performance and scale, said Salim Syed, Capital One Softwares vice president of engineering. We feel we have a very good product.
Snowflake is one of the most advanced commercial supercloud providers, according to Wikibon, with a multicloud platform that spans all three major infrastructure-as-a-service platforms AWS, Microsoft Corp.s Azure and Google Cloud while making the location of data transparent to users, according to Christian Kleinerman, Snowflakes senior vice president of product.
Snowflake Kleinerman: For customers, multicloud portability has gone in importance from a one or two to a nine or 10. Photo: SiliconANGLE
We didnt want to become another version of silos in the data center, he said. It was important to have a single, central system that interconnects them all. The technology the company developed, called Snowgrid, enables people to collaborate on a single copy of data with a common set of controls and governance policies regardless of where the data physically resides.
As recently as three years ago, few prospective customers asked for such features, but over the last year theyve realized the value of having a single stack, Kleinerman said. Multicloud portability has gone in importance from a one or two to a nine or 10. Cloud independence is now a major reason customers come to Snowflake.
Other data management vendors such as MongoDB Inc., Couchbase Inc. and Databricks Inc. also tout cross-cloud compatibility as a selling point. MongoDB is a developer-friendly platform that is moving to a supercloud model running document databases very efficiently and creating a common developer experience across clouds, Wikibon Chief Analyst David Vellante recently wrote.
Dremio Corp., a high-profile distributed data startup, addressed the problem by building an architecture that processes queries in a distributed fashion on the infrastructure where the data lives. We connect to all these different things and push down the query processing to that system, said CEO Tomer Shiran. We will actually spin up Azure or [AWS] EC2 instances with our code running on them.
Such technical wizardry is typical of the solutions that developers are inventing to deal with the superclouds inherent complexity.Its a lot of do-it-yourself stuff right now as far as what the stacks should look like, said Deloittes Linthicum. There havent been a lot of people thinking about it until recently because, until the last year, there wasnt a lot of interest in it.
The need to bridge cross-cloud incompatibilities has been driven by several factors. One is the rise of edge computing, an architecture that distributes processing across a wide network of devices and compute nodes. Each of the big cloud providers has its own edge strategy, but enterprises with far-flung networks dont want to be tied to a single provider.
A big reason for that is latency. Edge devices, particularly those that collect data in real-time, need to be close enough to a cloud data center, or region, to enable the high-speed communication this is needed for rapid decision-making. For latency-sensitive applications, that distance may be as little as 100 miles.
Deloittes Linthicum: We dont want to limit the ability of innovators to use best-of-breed services. Photo: David Linthicum
Where you place elements of your workloads matters, said Matt Baker, senior vice president of corporate strategy at Dell Technologies Inc. Latency of more than 10 milliseconds can kill some applications. Locality becomes critically important. Superclouds give organizations more latitude in which cloud regions to use.
Snowflake touts its multiregion reach as a strength. Once a customer makes a query, all the code that runs in a specific region is native to that region, Kleinerman said. Instead of a software translation layer, the user model is the point of abstraction.
A second factor is simplicity. Businesses dont want to have to wrestle with the fine points of each cloud providers operating and management stacks, particularly at a time when IT skills are in desperately short supply.
If youre having trouble hiring for your AWS cloud, how are you going to add Azure into that? asked Amanda Blevins, chief technology officer for the Americas at VMware.
Economics and labor scarcity means that the dumb thing would be to solve every security and FinOps problem for each cloud and keep around the skill sets to run them, said Deloittes Linthicum. Were going to reach a complexity state where the number of tools and talents we need exceeds the operations budget. FinOps is the practice of creating visibility and accountability to manage cloud spending throughout an organization.
Like many firms, Dremio developed its own workarounds for managing distributed data across clouds, said CEO Shiran. Photo: SiliconANGLE
The VMware study cited these low-level compatibility issues as a major disadvantage of the current multicloud landscape. For developers, each cloud provider has unique infrastructure, interfaces and APIs that add work and slow the pace of their releases, it said. Each additional cloud increases the complexity of their architecture, fragmenting security, performance optimization and cost management.
Snowflakes Kleinerman likened the current situation to the need for smartphone developers to build functionally identical applications for both Apple Inc. and Android platforms. Developers are 10 times more excited than CIOs about this, he said. Instead of building three versions of one app, you can write it once and run it in multiple locations.
A third motivator is to gain access to the offerings from the different cloud service providers that best meet their needs. Google, for example, is widely recognized as having the best analytics tools, while Microsofts business applications are its strength. We dont want to limit the ability of innovators to use best-of-breed services, Linthicum said.
But there is a multitude of impediments to be overcome. One of the biggest is data gravity, or the difficulty of moving large amounts of data between clouds. Organizations building sophisticated data analytics and artificial intelligence training models dont want to wait hours for a terabyte of data to move from one cloud to another.
A lot of the solutions for shifting workloads dont address the data challenge, said Liberty Mutuals Drobisewski. Data mobility in many ways is the most challenging problem right now.
Distributed data management vendors have come up with some clever ways to address the gravity problem, usually involving distributing queries to the infrastructure where the data resides. You cant be transferring terabytes of data to do a join, said Dremios Shiran. His company uses local caching and technologies such as the nonvolatile memory express storage access and transport protocol, so we dont have to keep going back to the [original] resource for every single input and output.
Each cloud service provider also has its own approach to networking, security and backup and those are burdens to developers, Drobisewski said. Were looking at how we can have a common protocol that allows you to interact with all of those equally, with a common API layer, so youre not that worried about which cloud provider youre working with.
Aviatrix built a supercloud that optimizes network performance and automates security across multiple CSPs. We actually improve the functionality, Mullaney said. The CSPs provide primitive networking and are limited to a shared service designed for millions of small customers. We not only connect across all of them but also add in advanced services. The approach appears to be resonating with customers: Mullaney said Aviatrix is on track to book $100 million in annual recurring revenue this year.
Maribel Lopez: Supercloud has some real problems to solve around authentication, identity, data lineage and data security. Photo: SiliconANGLE
Then theres the problem of data portability. Each CSP favors a different storage protocol, which doesnt necessarily work with anothers. Each also offers different kinds of block, file and object storage. Making a storage system looking the same across every provider takes some doing, Linthicum said.
Here, again, third parties are inventing solutions. Snowflake uses external tables that interact with each providers preferred storage format and loads data into a neutral format.
Veeam addressed the problem with a self-described file system similar to that used in compression algorithms such as ZIP and RAR. The compressed object includes not only files but also the software needed to decompress them. Its a file system within a file, Allan said. It enables the supercloud because now you have a portable, self-describing thing that can be moved anywhere, powered on and it knows the format of the host.
Security is also a multicloud hairball. Each cloud provider has its own security tools and approaches, the VMware study concluded. In addition to implementing security controls in individual clouds, enterprises must also secure communication between clouds and their respective workloads, applications and end users.
Weve got some real problems to solve around authentication, identity, data lineage and data security, Maribel Lopez, founder and principal analyst at Lopez Research, said in a SiliconANGLE Supercloud22 interview. Those are going to be sort of the tactical things were working on for the next couple of years.
At Liberty Mutual, supercloud security has been a huge focus, Drobisewski said. In the wake of COVID-19 lockdowns, the company adopted a zero trust model for perimeter security and has since applied access controls down to the individual cloud API. As we get more cloud native architectures in place, were looking to move our focus on zero trust beyond redefining the perimeter and taking a more workload and application-centric approach, he said.
Finally, the observability challenges of monitoring even a single hybrid cloud are daunting. Sophisticated tooling will be needed to manage supercloud environments that may encompass thousands of services. If any service suffers an outage it could cause you to have an even bigger outage, Lowery said. Its a question of not knowing when youre going off a cliff.
All of those solutions have one thing in common: They are bespoke projects that are unique to individual vendors and user organizations. Are broad industry standards likely to emerge? Some efforts are underway.
Crossplane, for example, is an open-source project being incubated by the Cloud Native Computing Foundation thats intended to let organizations build cross-cloud control planes. However, it requires users to run software containers and the Kubernetes container orchestrator, which are cloud-native constructs that dont apply to most legacy applications.
The CNCF can make things happen from a Kubernetes perspective, but theyre fairly limited to containers, said Veeams Allan. Kubernetes workloads are certainly rapidly expanding but the vast majority of workloads are images running on bare-metal or virtualization layers that cant easily be moved across platforms.
VMware is one of the most prominent providers bidding to become the arms dealer for superclouds. Theres been a big shift to cross-cloud services at VMware to let customers run workloads where they choose, said VMwares Blevins. We have those higher-level services to be able to manage and observe.
For example, the companys vRealize cloud management suite, CloudHealth FinOps application, Secure Access Service Edge and Tanzu Observability platform have all been adapted to support multiple clouds. The companys virtual desktop infrastructure can play a part in unifying clouds at the user level. VMware also has a strong portfolio of edge services and relationships with all the major CSPs.
The hyperscalers partnerships with us are recognition that this is something customers want and need, Blevins said.
Dells Baker: In the early days of architectural shifts, the best thing to do is to use as open an ecosystem as possible. Photo: SiliconANGLE
All this begs the question of whether the big public cloud providers will ever give in and agree to cooperate in the name of making superclouds possible. The expert consensus is that wont happen soon, if ever. Letting users run on [other clouds] or in their data centers isnt part of their business model, Blevins said.
There are signs, however, that even the biggest of the big now acknowledge that customers favor more interoperability and that a rising tide will ultimately lift all boats. The reality is that theyre going to make more money if the supercloud is successful, said Linthicum. Adoption of cloud computing will go up. Everybodys going to win.
Lowery said the big cloud providers may have concerns about third parties taking over the relationship with their customers, but they dont have much of a choice. It wont be possible for the hyperscalers to build superclouds for what everyone wants. Ultimately, they will see this as a way to sell more, he said.
Dells Baker believes that all cloud services will ultimately be hybrid. In the early days of architectural shifts, the best thing to do is to use as open an ecosystem as possible as opposed to carving out a stack, as each hyperscaler has done so far, he said.
That doesnt mean underlying infrastructure is ever likely to be completely abstracted. For example, private networking services typically establish a direct link between the customer and a particular cloud vendor. Some applications will be best built to take advantage of a particular database or analytics suite. And the supercloud may actually give platform providers more incentive to develop services that dont lend themselves to cross-cloud abstraction.
Nevertheless, the overall trend is clear and thats goodness for organizations that have struggled with years of complexity. Clouds are really very sophisticated operating systems with services that meet business needs, not just programmer needs, Lowery said. Were moving away from operating systems and focusing on the business value. That will continue.
Indeed, said Linthicum, its the single most exciting thing in cloud computing. Its a tectonic shift, he said. Its absolutely the right thing to do, but theres a tremendous amount of work still to be done.
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